The balance of unrestricted funds as of May 31, 2011 was $9,596,531 which includes a $2.5 million cash reserve. Restricted funds, also known as the Preservation and Improvement Fund (“PIF”), had a balance of $4,075,198 at May month end plus $589,343 collected in May that was transferred into the PIF account the first part of May 2011.
The corporation has operated within its budget year-to-date.
